Icap moves into new frontier
JOHANNESBURG – Interdealer broker Icap has broken into the new frontier markets, with the launch of Kenyan shilling trading on the EBS Spot platform last Monday (November 23).
The unit is the first frontier African currency available on EBS Spot and forms part of Icap’s overall strategy to build out its presence in emerging market currencies and products. The broker is working with local banks in the region and the Central Bank of Kenya to offer an electronic solution for spot trading in the
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